Public Construction for United States
A02193USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,679.00
Year-over-Year Change
101.83%
Date Range
1/1/1915 - 1/1/1963
Summary
The Public Construction series measures the value of new construction put in place for publicly-owned projects in the United States. It is a key economic indicator for infrastructure investment and government spending.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Public Construction series tracks the total value of new construction work done for the public sector, including federal, state, and local government projects. It is used by economists and policymakers to analyze infrastructure investment, construction industry activity, and the fiscal position of the government.
Methodology
Data is collected through surveys of construction companies and project owners by the U.S. Census Bureau.
Historical Context
Public construction spending is an important driver of economic growth and a common policy tool for stimulating the economy.
Key Facts
- Public construction spending reached a peak of $334 billion in 2009.
- Highway and street construction account for the largest share of public projects.
- State and local governments fund the majority of public construction in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Public Construction series measures the total value of new construction work done for public sector projects in the United States, including federal, state, and local government initiatives.
Q: Why is this trend relevant for users or analysts?
A: Public construction spending is a key indicator of infrastructure investment and government fiscal policy, providing insights into the state of the construction industry and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and project owners by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Public construction spending is often used as a policy tool to stimulate the economy, and the data is closely monitored by economists and policymakers to assess the government's fiscal position and infrastructure investment priorities.
Q: Are there update delays or limitations?
A: The Public Construction data is published monthly by the U.S. Census Bureau, with a typical release lag of around 1-2 months.
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Citation
U.S. Federal Reserve, Public Construction for United States (A02193USA398NNBR), retrieved from FRED.